Public valuation
Indirect FCFF

Valuation ALPA3 ffcf indireto

Alpargatas SA logo
Alpargatas SA
ALPA3
Updated on 18 de mar. de 2026
ZD

Analyst

Zé Dantas

@jose-dantas

Fundador da Valoro o/ Engenheiro de software, Web3 e DeFi guy, aficionado por finanças e motos.

Analyzed companyALPA3
MethodIndirect cash flow

Analyst contact

Value per share (DCF)

---

Based on projected cash flows

Indirect FCFF

Estimated upside

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Compared to market price (R$ 11,33)

Indirect FCFF

Discount rate

18.00%

WACC

Indirect FCFF

Perpetuity rate

2.00%

Terminal growth

Indirect FCFF

Market price

R$ 11,33

BRL • BRAPI • 13/04/2026, 21:31

Indirect FCFF
Target price sensitivity
FCFF indireto

Value per share for different combinations of discount and perpetuity rates based on FCFF derived from projections.

Perpetuity \ Discount17.00%17.50%18.00%18.50%19.00%
1.00%---------------
1.50%---------------
2.00%---------------
2.50%---------------
3.00%---------------

Empty cells represent invalid scenarios where discount is less than or equal to perpetuity.

Indirect projection (FCFF via income statement, cash flow and balance sheet)
Account

2020

Historical

2021

Historical

2022

Historical

2023

Historical

2024

Historical

Total revenueR$ 3.364.278.000,00R$ 3.948.561.000,00R$ 4.181.866.000,00R$ 3.734.146.000,00R$ 4.108.311.000,00
EBITR$ 274.285.000,00R$ 619.210.000,00R$ 201.104.000,00-R$ 1.988.986.000,00R$ 51.236.000,00
Income tax expenseR$ 8.100.000,00-R$ 51.909.000,00-R$ 87.217.000,00R$ 217.383.000,00R$ 43.898.000,00

The investment thesis has not been published yet.

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